The coronavirus pandemic is a black swan event. In the few months since the virus was first identified in Wuhan, China, in November 2019, all kinds of things have changed. Many of the world's great cities are shut down and governments are intervening in economies in ways that were unimaginable in November 2019.
As the Coronavirus crisis gathers momentum our lives will continue to change in dramatic ways, and the global health crisis seems sure to turn into a serious and global economic crisis. China has emerged from the crisis with its reputation greatly enhanced. There are many legitimate criticisms of the Chinese state but it's now generally acknowledged that China dealt with the crisis in a manner far superior to that of right-wing populists like Donald Trump, Jair Bolsonaro and Boris Johnson.
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